THE NATOMAS BUZZ | @natomasbuzz
The House of Representatives today passed a bill that could bring thousands of Natomas property owners relief from rising flood insurance rates.
“Ushering in a five-year reauthorization will provide welcome relief to those that live in our country’s floodplains,” said Congresswoman Doris Matsui during last week’s debate of H.R. 1309.
Congresswoman Doris Matsui, D-Sacramento, introduced an amendment to the National Flood Insurance Reform Act of 2011 to phase-in higher rates over five years. Without the amendment, those paying the preferred rate of $350 per year would start paying $1,350 when the rate expires at the beginning of 2013.
According to Nathan Dietrich, Matsui spokesman, the full house approved the amendment today. The bill also included language Matsui introduced last session to give Federal Emergency Management Agency and local communities clarity in flood zone definitions; Senator Dianne Feinstein, D-California, introduced companion legislation in the Senate.
The National Flood Insurance Program bill now goes to the Senate.
 |
| CONGRESSWOMAN DORIS MATSUI, D-SACRAMENTO |
Speak Your Mind
You must be logged in to post a comment.